Archive for December, 2013

The be.group Partners with the CMFA on New Construction for Seniors in Duarte, CA

Dec 16, 2013

The be.group recently partnered with the California Municipal Finance Authority on a tax-exempt financing. Proceeds will be used to construct an affordable housing complex that will be home to 42 seniors in the City of Duarte. The four-story wood framed building will be constructed using Green Building Standards. The be.groups hopes that by using these standards, the building will achieve a LEED certified level and future residents will enjoy lower energy costs. Upon completion the units will be restricted to tenants 62 years or older with incomes no greater than 50% of the area median income. The be.group is committed to providing superior-quality communities and services for seniors of all backgrounds, ethnicities and spiritual beliefs.

Westlake Village School Chooses the CMFA as Issuer

Dec 16, 2013

The California Municipal Finance Authority recently closed a tax-exempt financing for Oaks Christian School located in Westlake Village, California.  Proceeds from the financing will be used to upgrade and expand the library, and improve and renovate existing athletic facilities. Also part of the financing is the addition of solar electricity panels that will reduce the school’s energy costs.The CMFA also refinanced existing long term tax-exempt financing as part of the project. Founded in 2000, Oaks Christian School serves 1,400 students in grades 6-12.

The CMFA Finances Claremont McKenna College’s Campus Improvements

Dec 16, 2013

Claremont McKenna College is a highly selective, independent, co-educational undergraduate liberal arts college located in Claremont, California.  As part of the seven Claremont institutions, Claremont McKenna College educates its students and prepares them for thoughtful, productive lives and responsible leadership in business, government and other professions.

Proceeds from the tax-exempt financing will fund campus improvements that are part of the school’s master plan that were carefully designed to meet the college’s future programmatic needs.  Included in the financing is the renovation of five of their six student dormitories, construction of a new fitness and events center known as the Roberts Pavillion and  the construction of an energy efficient central plant that will serve the school’s heating and cooling needs while reducing its carbon footprint.